NWS Belgium: what changed
NWS Belgium
Largest movements
- Receivables within one year +€273,569
up €273,569 (+98.9%), from €276,663 to €550,232
of which Trade receivables: +€217,128
- Cash -€14,202
down €14,202 (-55.2%), from €25,745 to €11,543
mainly Receivables within one year (-€273,569) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets -€7,652
down €7,652 (-15.9%), from €47,977 to €40,325
- Trade debts +€239,835
up €239,835 (+134%), from €178,463 to €418,298
- Tax, wage and social debts +€12,140
up €12,140 (+18.1%), from €67,111 to €79,251
- Gross operating margin +€19,355
up €19,355 (+34.0%), from €56,869 to €76,225
- Other operating charges +€12,520
up €12,520 (+100%), from €12,508 to €25,028
- Taxes +€6,866
up €6,866 (+94.5%), from €7,266 to €14,132
- Depreciation +€2,710
up €2,710 (+16.9%), from €15,992 to €18,702
- Financial charges +€2,393
up €2,393 (+105%), from €2,278 to €4,671
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,385 | €602,101 | +€251,716 | +71.8% |
| Fixed assets | 21/28 | €47,977 | €40,325 | -€7,652 | -15.9% |
| Tangible fixed assets | 22/27 | €47,977 | €40,325 | -€7,652 | -15.9% |
| Furniture and vehicles | 24 | €47,977 | €40,325 | -€7,652 | -15.9% |
| Current assets | 29/58 | €302,408 | €561,776 | +€259,368 | +85.8% |
| Amounts receivable within one year | 40/41 | €276,663 | €550,232 | +€273,569 | +98.9% |
| Trade receivables | 40 | €261,888 | €479,016 | +€217,128 | +82.9% |
| Other amounts receivable | 41 | €14,775 | €71,216 | +€56,442 | +382% |
| Cash at bank and in hand | 54/58 | €25,745 | €11,543 | -€14,202 | -55.2% |
| Total equity and liabilities | 10/49 | €350,385 | €602,101 | +€251,716 | +71.8% |
| Equity | 10/15 | €104,810 | €104,551 | -€259 | -0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,550 | €90,291 | -€259 | -0.3% |
| Amounts payable | 17/49 | €245,575 | €497,550 | +€251,975 | +103% |
| Amounts payable within one year | 42/48 | €245,575 | €497,550 | +€251,975 | +103% |
| Trade debts | 44 | €178,463 | €418,298 | +€239,835 | +134% |
| Suppliers | 440/4 | €178,463 | €418,298 | +€239,835 | +134% |
| Taxes, remuneration and social security | 45 | €67,111 | €79,251 | +€12,140 | +18.1% |
| Taxes | 450/3 | €67,111 | €79,251 | +€12,140 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,992 | €18,702 | +€2,710 | +16.9% |
| Other operating charges | 640/8 | €12,508 | €25,028 | +€12,520 | +100% |
| Gross operating margin | 9900 | €56,869 | €76,225 | +€19,355 | +34.0% |
| Operating profit (loss) | 9901 | €28,369 | €32,494 | +€4,125 | +14.5% |
| Financial income | 75/76B | - | €1,050 | +€1,050 | |
| Recurring financial income | 75 | - | €1,050 | +€1,050 | |
| Financial charges | 65/66B | €2,278 | €4,671 | +€2,393 | +105% |
| Recurring financial charges | 65 | €2,278 | €4,671 | +€2,393 | +105% |
| Profit (loss) for the period before taxes | 9903 | €26,091 | €28,873 | +€2,782 | +10.7% |
| Income taxes | 67/77 | €7,266 | €14,132 | +€6,866 | +94.5% |
| Profit (loss) for the period | 9904 | €18,825 | €14,741 | -€4,084 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,825 | €14,741 | -€4,084 | -21.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.